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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB
 

MSCI downgrades RO utility company Electrica from Frontier index

The shares of Electrica, the Romanian electricity supplier and distributor whose largest shareholder is the Romanian state (48.8%), were downgraded in the structure of the MSCI indices, Ziarul Financiar reported.

Thus, MSCI - the largest index provider in the world, which classifies the Bucharest Stock Exchange (BVB) as a frontier market - decided to eliminate Electrica from the structure of its main index - MSCI Frontier Markets, and to transfer it to the MSCI Frontier Markets Small Caps index, which is dedicated to companies with smaller capitalisation thus out of the sight of the largest-sized investors.

At the same time, the shares of the Romanian telecom group Digi were totally removed from the MSCI FM Small Caps index. 

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB
 

MSCI downgrades RO utility company Electrica from Frontier index

The shares of Electrica, the Romanian electricity supplier and distributor whose largest shareholder is the Romanian state (48.8%), were downgraded in the structure of the MSCI indices, Ziarul Financiar reported.

Thus, MSCI - the largest index provider in the world, which classifies the Bucharest Stock Exchange (BVB) as a frontier market - decided to eliminate Electrica from the structure of its main index - MSCI Frontier Markets, and to transfer it to the MSCI Frontier Markets Small Caps index, which is dedicated to companies with smaller capitalisation thus out of the sight of the largest-sized investors.

At the same time, the shares of the Romanian telecom group Digi were totally removed from the MSCI FM Small Caps index. 

andrei@romania-insider.com

(Photo source: Dreamstime.com)

Normal
 

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